GE Vernova (GEV) Is Talking About 2029 When It Comes To Nuclear Plants, Says Jim Cramer

We recently published 12 Latest Stocks on Jim Cramer’s Radar . GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer recently discussed.

Power generation equipment manufacturer GE Vernova Inc. (NYSE:GEV) is one of Cramer’s top plays in the nuclear power industry. He has discussed nuclear stocks, such as Oklo, several times over the past couple of months and asserted that GE Vernova Inc. (NYSE:GEV) remains the strongest play in nuclear power. Cramer holds this opinion due to the firm’s building activities, and in this appearance, he outlined that GE Vernova Inc. (NYSE:GEV) believes nuclear plants could be brought online in 2029:

“[After David Faber pointed out that nuclear power plants will take a long time to come online] People talking about moving that up. . .GE Vernova is talking about 2029 . . .people are talking about the TVA.”

Pixabay/Public Domain

In a Mad Money appearance on October 24th, Cramer pointed out another area where GE Vernova Inc. (NYSE:GEV) could benefit:

“Now, here’s one that’s… kind of fallen off, that people are a little down on right now, I think it’s wrong, GE Vernova. It’s supply-constrained with its power equipment. They make giant turbines that burn natural gas, the principal energy source powering the data center. I think both GE Vernova and Boeing will be winners. One of the reasons is because they can make machines that cost up to a hundred million dollars a piece. Ordering these big-ticket items is the easiest way for our trading partners to ingratiate themselves with President Trump, short of, you know, like some sort of like bribery or something. Those orders go a long way toward closing any trade deficit.”

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Disclosure: None. This article is originally published at Insider Monkey.